Accounts Submission

PARCEL NETWORK LIMITED - Company Information

Company Accounts and Tax Online 04821298 Board of Directors 1.8.21 31.7.22 31.7.22 No description of principal activity false iso4217:GBP xbrli:pure 04821298 2020-08-01 2021-07-31 04821298 2022-07-31 04821298 2021-08-01 2022-07-31 04821298 2021-07-31 04821298 countries:EnglandWales 2021-08-01 2022-07-31 04821298 curr:PoundSterling 2021-08-01 2022-07-31 04821298 uk-bus:PrivateLimitedCompanyLtd 2021-08-01 2022-07-31 04821298 uk-bus:FRS102 2021-08-01 2022-07-31 04821298 uk-bus:AuditExempt-NoAccountantsReport 2021-08-01 2022-07-31 04821298 uk-bus:FullAccounts 2021-08-01 2022-07-31 04821298 uk-bus:RegisteredOffice 2021-08-01 2022-07-31 04821298 uk-bus:Director1 2021-08-01 2022-07-31 04821298 uk-bus:Director1 2021-08-01 04821298 uk-bus:Director1 2022-07-31 04821298 core:AfterOneYear 2022-07-31 04821298 core:AfterOneYear 2021-07-31 04821298 core:WithinOneYear 2022-07-31 04821298 core:WithinOneYear 2021-07-31 04821298 core:WithinOneYear 2021-08-01 2022-07-31 04821298 core:AfterOneYear 2022-07-31 04821298 core:AfterOneYear 2021-07-31 04821298 core:AfterOneYear 2021-08-01 2022-07-31 04821298 core:ShareCapital 2022-07-31 04821298 core:ShareCapital 2021-07-31 04821298 core:RevaluationReserve 2022-07-31 04821298 core:RevaluationReserve 2021-07-31 04821298 core:RetainedEarningsAccumulatedLosses 2022-07-31 04821298 core:RetainedEarningsAccumulatedLosses 2021-07-31 04821298 1 2021-08-01 2022-07-31 04821298 core:LandBuildings 2021-08-01 2022-07-31 04821298 core:LandBuildings 2022-07-31 04821298 core:LandBuildings 2020-08-01 2021-07-31 04821298 core:LandBuildings 2021-07-31 04821298 core:PlantMachinery 2021-08-01 2022-07-31 04821298 core:PlantMachinery 2022-07-31 04821298 core:PlantMachinery 2020-08-01 2021-07-31 04821298 core:PlantMachinery 2021-07-31 04821298 core:FurnitureFittingsToolsEquipment 2021-08-01 2022-07-31 04821298 core:FurnitureFittingsToolsEquipment 2022-07-31 04821298 core:FurnitureFittingsToolsEquipment 2020-08-01 2021-07-31 04821298 core:FurnitureFittingsToolsEquipment 2021-07-31 04821298 core:OfficeEquipment 2021-08-01 2022-07-31 04821298 core:OfficeEquipment 2022-07-31 04821298 core:OfficeEquipment 2020-08-01 2021-07-31 04821298 core:OfficeEquipment 2021-07-31 04821298 core:Vehicles 2021-08-01 2022-07-31 04821298 core:Vehicles 2022-07-31 04821298 core:Vehicles 2020-08-01 2021-07-31 04821298 core:Vehicles 2021-07-31 04821298 core:NetGoodwill 2021-08-01 2022-07-31 04821298 core:NetGoodwill 2022-07-31 04821298 core:NetGoodwill 2020-08-01 2021-07-31 04821298 core:NetGoodwill 2021-07-31 04821298 core:IntangibleAssetsOtherThanGoodwill 2021-08-01 2022-07-31 04821298 core:IntangibleAssetsOtherThanGoodwill 2022-07-31 04821298 core:IntangibleAssetsOtherThanGoodwill 2020-08-01 2021-07-31 04821298 core:IntangibleAssetsOtherThanGoodwill 2021-07-31

Company Registration Number:
04821298 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2022

Period of accounts

Start date: 01 August 2021

End date: 31 July 2022

Contents of the Financial Statements

for the Period Ended 31 July 2022


Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

Balance sheet

As at 31 July 2022

	Notes	2022 £	2021 £
Fixed assets
Tangible assets:	4	64,987	64,987
Total fixed assets:		64,987	64,987
Current assets
Debtors:	5	172,543	46,886
Cash at bank and in hand:		13,700	18,839
Total current assets:		186,243	65,725
Creditors: amounts falling due within one year:	6	( 187,513 )	( 173,388 )
Net current assets (liabilities):		( 1,270 )	( 107,663 )
Total assets less current liabilities:		63,717	( 42,676 )
Creditors: amounts falling due after more than one year:	7	( 119,868 )	( 15,712 )
Total net assets (liabilities):		( 56,151 )	( 58,388 )

The notes form part of these financial statements

Balance sheet continued

As at 31 July 2022

	2022 £	2021 £
Capital and reserves
Called up share capital:	100	100
Profit and loss account:	( 56,251 )	( 58,488 )
Shareholders funds:	( 56,151 )	( 58,388 )

For the year ending 31 July 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 31 July 2023
And Signed On Behalf Of The Board By:

Name: Aaron Singh Saran
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 July 2022

1. Accounting policies

Basis of measurement and preparation

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

The Turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT

Notes to the Financial Statements

for the Period Ended 31 July 2022

2. Employees

	2022	2021
Average number of employees during the period	7	5

Notes to the Financial Statements

for the Period Ended 31 July 2022

3. Off balance sheet disclosure

No

Notes to the Financial Statements

for the Period Ended 31 July 2022

4. Tangible assets

	Plant & machinery	Total
Cost	£	£
At 01 August 2021	98,477	98,477
Additions	-	-
Disposals	-	-
Revaluations	-	-
Transfers	-	-
At 31 July 2022	98,477	98,477
Depreciation
At 01 August 2021	33,490	33,490
Charge for year	-	-
On disposals	-	-
Other adjustments	-	-
At 31 July 2022	33,490	33,490
Net book value
At 31 July 2022	64,987	64,987
At 31 July 2021	64,987	64,987

Notes to the Financial Statements

for the Period Ended 31 July 2022

5. Debtors

	2022 £	2021 £
Trade debtors	65,787	46,886
Other debtors	106,756
Total	172,543	46,886

Notes to the Financial Statements

for the Period Ended 31 July 2022

6.Creditors: amounts falling due within one year note

	2022 £	2021 £
Bank loans and overdrafts	5,670	7,322
Trade creditors	168,853	158,899
Taxation and social security	12,990	7,167
Total	187,513	173,388

Notes to the Financial Statements

for the Period Ended 31 July 2022

7.Creditors: amounts falling due after more than one year

	2022 £	2021 £
Bank loans and overdrafts	111,519	15,712
Other creditors	8,349
Total	119,868	15,712



Registered office:		Unit 157 167 Brent Road Southall England UB2 5LJ


Company Registration Number:		04821298 (England and Wales)

Accounts Submission